Business News
Norwegian telecom firm Telenor is not quitting India »
3rd Feb, 2012, New Delhi: On Friday, Norwegian telecom company Telenor issued a statement telling that the firm will continue to operate in India. Earlier, there were rumors that the telephone firm may shut down their business...
Amazon launches India specific shopping site junglee.com »
2nd Feb, 2012, New Delhi: With the launch of its brand new shopping website junglee.com, Amazon has finally moved in the Indian online shopping market. In a statement, Amazon told that this new site will have over...
Indian Railways freight earning goes over 4 percent »
16th Jan, 2012, New Delhi: Indian Railways have registered an increase of 4.59% as freight revenue. During April-December 2011, the national carrier has earned revenue of Rs 49,209.21 crores from freight traffic as compared to Rs 44,789.41...
Maruti to replace Alto and 800 »
Maruti Suzuki is getting ready to replace their two best selling models Maruti Alto and Maruti 800 from Indian roads. New models will be more fuel-efficient, contemporary as well as more trendy. Reports suggest that the new...
India and China to contribute half of the world economic growth in 2012 »
According to the report of an investment management and advisory services firm, India and China will continue to add more than half of the world’s economic growth. The report says the economic growth of emerging market will...
BMW Eyeing No. 1 Spot in 2012 »
BMW, world’s largest premium car maker, has stated that they are expecting their new 3 Series model must encourage the sell in the second half of this year, after they have registered a record sales of 1.67...
Honda is Targeting No. 1 Spot in India’s Motorcycle Market »
Honda, the Japanese automobile company is targeting to grab the No. 1 spot in India’s two wheeler market. Hero and Honda broke their partnership last year and Hero has renamed itself as Hero Moto Corp. Honda openly...
BSNL Eyeing To Revive Its Landline Business »
In a bid to revive its landline business, telecom operator, Bharat Sanchar Nigam Ltd (BSNL) plans to invest Rs 800-1000 crore. The focus on landline business is to increase the broadband subscriber base which is expected to...
FIEO Expresses Concern About Congestion At JNPT »
The Federation of Indian Export Organisations (FIEO) has expressed its concerns over congestion at JNPT and has asked the government in to intervene in this regard and solve the problem. The congestion is because of the decision...
Banks Hike Rates »
Borrowers must brace up for some tough times as the country’s largest lender State Bank Of India (SBI) has hiked its benchmark rates by 50 basis points. The hike in rates is a response to the increase...
Market Meltdown Continues »
Rendering down of market continued on Tuesday with Sensex opening 500 points down while Nifty slipping 5000 mark for the first time since 2010. At around 9:15 am Sensex slipped by 525 points while Nifty recorded a...
BSNL And MTNL Losing Customers »
While mobile number portability has come has a boon for customers, the same has turned out to be a curse for BSNL and MTNL as these state run telecom companies are losing customers at a rapid rate...
RBI Hikes Key Policy Rates By 50 BPS »
Be prepared to pay higher EMIs for home and car loans with the Reserve Bank Of India (RBI) hiking key policy rates by 50 basis points. Surpassing all expectations, the apex bank raised repo rates to 8%....
Reserve Bank Expected To Hike Interest Rate »
In a bid to curb a monster called inflation, the Reserve Bank Of India (RBI) is expected to hike interest rate for the 11 time in less than year. It is expected that RBI will raise short...
Mobile Banking To Grow In India »
According to a report by the Boston Consulting Group the mobile banking in India is set to generate fee-based income of Rs 20,250 crore over the next 5 years. The report says that the income will be...
Car Sales In June Records Slowest Growth In More Than 2 Years »
Car sales in the country rose 1.6% in June recording its slowest growth pace in more than 2 years. The major reasons accredited for this slow growth rate are rising fuel prices, interest rate and vehicle costs....
About 10 Lakh Bank Employees To Go On Strike On July 7 »
Come July 7, and customers across the country are in for a real problem as about 10 lakh bank employees across the nation will go on strike on the day to protest against the policies of the...
Indian Telecom Services To Ride High On 3G And BWA »
According to a survey carried out by market research firm CyberMedia Research, the Indian mobile handset market and telecom services is expected to worth USD 82 billion by 2014 riding on 3G and broadband wireless access (BWA)....
LIC Launches New Policy “Jeevan Aroyga” »
Life Insurance Corporation Of India (LIC) has come up with a new non-linked health insurance policy called “Jeevan Aroyga”. The policy offers complete hospitalization benefits for the whole family of the person who is the principle insurer....
Supreme Court Asks SEBI To Investigate Sahara Scheme »
Market regulator SEBI has been asked by the Supreme Court of India to probe into the nature of investment scheme floated by Sahara Group in order to raise money from the public. A three judge bench headed...
